NEW YORK, October 5, 2010 /PRNewswire-FirstCall/ -- Mobile
Star Corp. (OTCBB: MBST), a developer of karaoke vending machines,
has published the following letter to all shareholders. The letter
expresses the company's commitment to the commercial introduction
of the Mobile Star personal karaoke experience during the next six
months.
Dear Shareholders,
The Mobile Star has continued to make positive strides during
the first three quarters of 2010. Most recently, the company has
secured the required financing to continue funding ongoing business
operations, and to meet the commercial goals of the company over
the next six months.
The financial agreement calls for the financier to provide the
Mobile Star with multiple tranches during the company's
pre-commercial period.
During the next two quarters, the company is planning the full
commercial introduction of the Mobile Star personal karaoke vending
machine. We believe that there is a significant market for our
entertainment system, as demonstrated by the company's successful
pilot at the start of 2010.
Our team is fully committed to reaching our product's full
commercial potential, in the United
States as well as in several international markets. We are
confident that through our continued efforts to advance our
business development goals, that the stock price of the company
will grow to match our full potential.
I wish to express my tremendous appreciation to each of our
shareholders for your continued commitment to our product and
marketing strategy. We look forward to providing you with
additional updates on our business development accomplishments in
the next six to eight weeks.
Sincerely,
Danny Elbaz
CEO, The Mobile Star Corp.
About Mobile Star
Mobile Star has developed a free-standing entertainment vending
machine that enables an individual to digitally record his or her
voice singing to hundreds of songs. The patented karaoke technology
utilizes a proprietary digital-media software platform, and
professional-grade hardware to publish a high quality CD of the
performance.
For more information on Mobile Star, please visit
http://themobilestar.com.
Forward-Looking Statements
This letter contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 as amended and
Section 21E of the Securities Exchange Act of 1934 as amended. All
forward-looking statements are inherently uncertain, based on
current expectations and assumptions concerning future events or
future performance of Mobile Star Corp., and its technologies. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release, as actual results may differ materially from those
indicated. Mobile Star Corp. public filings may be viewed at
http://www.sec.gov.
Contact:
CEO, Danny Elbaz
danny@themobilestar.com
+972-54-465-5341
SOURCE Mobile Star Corp.